Why is Bitcoin dropping today?
Bitcoin's decline is primarily due to the Federal Reserve's hawkish stance on future interest rate cuts. While the Fed delivered its third consecutive rate cut, they signaled fewer rate reductions for 2025 than previously expected, causing investors to reassess their positions in speculative assets.
Is Bitcoin having issues?
No, Bitcoin isn't experiencing technical issues. The current price movement is a market reaction to broader macroeconomic factors. The cryptocurrency dropped to $98,760 before stabilizing above $100,000, reflecting normal market dynamics in response to monetary policy changes.
